A sugar refinery can produce x tons of sugar per week at a weekly cost of .1x
Question:
A sugar refinery can produce x tons of sugar per week at a weekly cost of .1x2 + 5x + 2250 dollars. Find the level of production for which the average cost is at a minimum and show that the average cost equals the marginal cost at that level of production.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
Question Posted: